Multi-Bank Group TESI to Adopt Fix Protocol
Fix Trading Community has announced that the Trading Enablement Standardisation Initiative (TESI), a multi-bank group developed by London-based IT consultancy Etrading Software and supported by a number of investment banks, has adopted the Fix Protocol guideline in order to reduce operational risk and enable more efficient set up of clients on over-the-counter (OTC) electronic trading platforms.
Since its launch in January 2013, TESI has been working with a number of platforms to promote an open standard for the standardization, automation, and configuration of dealers and their clients across external electronic trading platforms and internal single-dealer platforms.
"Historically, the management of trading relationships across OTC markets has been an error-prone, manual process," says Sassan Danesh, co-chair of the FIX Trading Community, global fixed-income committee and managing partner at Etrading Software. "The Straight Through Enablement capability provided by Fix allows industry adopters to provide superior client service and reduced operational risk by ensuring the dissemination of consistent counterparty information between market participants."
Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.
To access these options, along with all other subscription benefits, please contact info@waterstechnology.com or view our subscription options here: https://subscriptions.waterstechnology.com/subscribe
You are currently unable to print this content. Please contact info@waterstechnology.com to find out more.
You are currently unable to copy this content. Please contact info@waterstechnology.com to find out more.
Copyright Infopro Digital Limited. All rights reserved.
As outlined in our terms and conditions, https://www.infopro-digital.com/terms-and-conditions/subscriptions/ (point 2.4), printing is limited to a single copy.
If you would like to purchase additional rights please email info@waterstechnology.com
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. As outlined in our terms and conditions, https://www.infopro-digital.com/terms-and-conditions/subscriptions/ (clause 2.4), an Authorised User may only make one copy of the materials for their own personal use. You must also comply with the restrictions in clause 2.5.
If you would like to purchase additional rights please email info@waterstechnology.com
More on Emerging Technologies
How long will AI tokenomics matter?
The Waters Wrap: Banks and asset managers are rethinking the economics of AI. Wei-Shen examines how firms will manage token costs.
TT acquires Trafix in 24/7 push, T+1 deadlines in the EU loom, and more
The Waters Cooler: A recap of the major tech and data news from the past week in the capital markets.
Buy-side firms warn semantic layers not a quick fix for AI integration
Semantic layers promise to teach AI what a firm’s data means. Keeping that meaning current is the part that may get overlooked, tech heads warn.
If everyone can be an expert in everything, is anyone an expert in anything?
The Waters Wrap: AI has promised to democratize knowledge and skillsets. Reb wonders whether that’s an entirely good thing.
Bloomberg launches CLO data solution, Alibaba Cloud expands, and more
The Waters Cooler: A recap of the major tech and data news from the past week in the capital markets.
GPU compute derivatives are put to the test
Interest rates and onions of the past haunt what could be a booming new index market.
The GPU compute index race begins
Major exchanges are partnering with a new crop of benchmark providers to create a tradable asset class around GPU compute.
Agents are invading. Will it stick?
The Waters Wrap: Agentic features are becoming commonplace in the workflow tools of capital markets. Nyela wonders if the trend is sustainable.
